Taiwan is in the final stage of negotiations with the US regarding the 20% tariff that has been imposed on many of its goods. On Tuesday, President Lai Ching-te expressed optimism that the negotiations will soon make progress. This was followed by the economy minister's statement on Wednesday that there is a strong chance the temporary tariff rate could be lowered once a final trade agreement is formally concluded.
00:00Taiwan could see lower tariff rates from the U.S. as the latest round of talks is wrapping up.
00:30Taiwan is in the final stage of negotiations with the U.S., which has imposed a 20 percent tariff on top of existing duties.
00:39On Tuesday, President Lai Ching-de said he expects the negotiations to make progress.
00:44While the trade talks continue, Taiwan is readying itself for the upcoming APEC summit.
00:48Foreign Minister Ling Jialong says the country is preparing for the outcome of a meeting between U.S. President Donald Trump and Chinese President Xi Jinping.
01:00Lin says Taiwan is closely monitoring possible actions by China and maintaining close communications with the U.S.
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